New Delhi:
GIFT Nifty was showing a big rise early Friday morning. It was at 24,529—about 300 points higher than the day before. This means the Indian stock market (Nifty 50 and Sensex) might open strong on April 25.
Why the rise?
Good news came from the U.S., where a top leader said a new trade deal might happen next week. Because of this, American markets went up a lot on Thursday. Big tech companies like Apple, Google (Alphabet), and Amazon all saw their stock prices rise.
- Dow Jones went up 1.3%
- S&P 500 went up 2.1%
- Nasdaq rose by 2.7%
Asia joins the rally:
- Asian stock markets also went up early Friday:
- Nikkei 225 (Japan): Up 1.4%
- Kospi (South Korea): Up 1.1%
- Taiwan Index: Up 2.6%
India’s market yesterday:
On Thursday, the Indian market took a short break after going up for 7 days. Some big companies saw investors selling shares to take profit. But mid and small-sized stocks stayed mostly flat.
How Nifty 50 performed in April:
- Gained 655 points in April
- Rose 2,500 points from the lowest point this month
- Experts say Nifty is now moving between 24,000 and 24,500
A market expert said that if Nifty stays above 24,400, it may continue to rise up to 24,500. But if it falls below 24,000, it might lose strength. The 23,900–24,000 zone is now seen as a strong support area.
What’s next:
Looking ahead, markets will watch for company results, the next Federal Reserve meeting (FOMC), and global news in May.
